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Compute the NPV statistic for Project U if the appropriate cost of capital is 9 percent. (Negative amount should be indicated by a minus sign.

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Compute the NPV statistic for Project U if the appropriate cost of capital is 9 percent. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your final answer to 2 decimal places.) Project U Time: Cash flow: 1 0 -$2,450 $ 2 $2,430 3 -$710 4 $680 5 -$290 $730 NPV Should the project be accepted or rejected? accepted rejected

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